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INTELLICALL CLASS ACTION SUIT SETTLED

 DALLAS, Sept. 23 /PRNewswire/ -- Intellicall, Inc. (NYSE: ICL) today announced that the company has received final court approval to the settlement of its class action shareholder litigation.
 The final settlement proceeds include $1 million in cash (plus interest of $23,178), a $900,000 promissory note payable on Sept. 30, 1994 and 751,926 shares of Intellicall common stock. The stock will be issued on or before Oct. 4, 1993. The number of shares issued as part of the settlement proceeds was the minimum number allowed pursuant to the settlement agreements. The approval of this lawsuit settles all of the outstanding shareholder litigation instigated against Intellicall beginning in 1991.
 William O. Hunt, chairman, president and chief executive officer of Intellicall said, "We are pleased to complete the settlement of this litigation. 1993 began a new chapter in the history of Intellicall, and eliminating this lawsuit from our prior agenda is a significant positive step."
 Intellicall is a leading provider of advanced telecommunications systems for private pay telephone and network operators as well as local exchange carriers throughout the United States, and is also a growing presence in global markets. The company owns a number of patents on its products and services, which include intelligent pay telephones, call processing, network control and business management systems.
 The company's common stock is traded on the New York Stock Exchange under the symbol "ICL" and is listed in alphabetical quotations as "Intellicall" or "Intelcal."
 -0- 9/23/93
 /CONTACT: John Carradine, 214-416-0022, or Richard Hanlon, 701-759-6500, both with Intellicall/
 (ICL)


CO: Intellicall, Inc. ST: Texas IN: TLS SU:

WB -- NY033 -- 5151 09/23/93 11:06 EDT
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Publication:PR Newswire
Date:Sep 23, 1993
Words:273
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